TIDMTUNG
RNS Number : 3153S
Tungsten Corporation PLC
23 September 2014
TUNGSTEN CORPORATION PLC
("Tungsten")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN
PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN
NOR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
For Immediate Release 23 September, 2014
AGM RESULTS
Tungsten Corporation plc (LSE: TUNG) announces that all the
resolutions put to the Annual General Meeting held at 2pm on 22
September 2014 were passed on a show of hands. The table below
gives details of the results of the proxy votes received.
Resolution Total Votes Total Votes Total
For * Against* Votes
Withheld
**
---------------------------------------------- ------------ ------------ ----------
1. To receive the financial
statements and Directors
and auditors report for
the year ended 30 April
2014 59,428,106 0 0
(100%) (0.00%)
---------------------------------------------- ------------ ------------ ----------
2. To elect Philip Ashdown
as a Director of the
Company 58,809,738 618,368 0
(98.96%) (1.04%)
---------------------------------------------- ------------ ------------ ----------
3. To elect Jeffery Belkin
as a Director of the
Company 58,818,397 609,709 0
(98.97%) (1.03%)
---------------------------------------------- ------------ ------------ ----------
4. To elect Lincoln Jopp
as a Director of the
Company 58,818,397 609,709 0
(98.97%) (1.03%)
---------------------------------------------- ------------ ------------ ----------
5. To re-elect Peter
Kiernan as a Director
of the Company 58,643,980 784,126 0
(98.68%) (1.32%)
---------------------------------------------- ------------ ------------ ----------
6. To re-elect Michael
Spencer as a Director
of the Company 58,643,980 784,126 0
(98.68%) (1.32%)
---------------------------------------------- ------------ ------------ ----------
7. To re-appoint PricewaterhouseCoopers
LLP as auditors 58,221,722 1,206,079 305
(97.97%) (2.03%)
---------------------------------------------- ------------ ------------ ----------
8. To authorise the Directors
to set the remuneration
of the auditors 58,222,027 1,206,079 0
(97.97%) (2.03%)
---------------------------------------------- ------------ ------------ ----------
9. Authority to allot
shares 58,747,085 660,716 20,305
(98.89%) (1.11%)
---------------------------------------------- ------------ ------------ ----------
10. Authority to disapply
pre-emption rights (special
resolution) 59,344,408 62,514 21,184
(99.89%) (0.11%)
---------------------------------------------- ------------ ------------ ----------
11. Authority to purchase
own shares (special resolution) 59,397,106 11,000 20,000
(99.98%) (0.02%)
---------------------------------------------- ------------ ------------ ----------
12. Reduction of share
premium account (special
resolution) 59,337,592 8,000 82,514
(99.99%) (0.01%)
---------------------------------------------- ------------ ------------ ----------
13. Authority to call
a general meeting on
not less than 14 days
clear notice (special
resolution) 58,079,919 1,348,187 0
(97.73%) (2.27%)
---------------------------------------------- ------------ ------------ ----------
14. Authority to make
political donations and
incur political expenditure
to a specified limit 58,635,090 637,711 20,305
(98.92%) (1.08%)
---------------------------------------------- ------------ ------------ ----------
* Includes discretionary proxy votes lodged in favour of the
Chairman, votes for and against lodged in favour of third parties
but excludes discretionary proxy votes lodged in favour of third
parties.
** A vote withheld is not treated as a vote in law and would not
be counted in the calculation of the proportion of the votes cast
for or against a resolution.
Defined terms used in this announcement shall have the meanings
set out in the AGM Notice.
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) accelerates global trade by
enabling customers to streamline invoice processing, improve
cash-flow management and make better buying decisions from their
detailed spend data.
Buyer organisations that join Tungsten Network, built on OB10
e-Invoicing, can reduce their invoice-processing costs by 60%.
Suppliers benefit from efficiencies, greater visibility of their
invoice status and peace of mind. Tungsten offers supply chain
financing through Tungsten Bank to suppliers and helps buying
organisations profit by applying real-time spend analytics to its
vast repository of over $750 billion of line-level invoice
data.
Tungsten Network serves 53% of the Fortune 500 and 66% of the
FTSE 100 by connecting the world's largest companies and government
agencies to their thousands of suppliers around the globe. It is
compliant in 46 countries, and last year processed transactions
worth over $187bn per year for organisations such as Alliance Data,
Aviva, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Henkel, IBM, Kellogg's, and US Federal
Government.
Tungsten Corporation joined forces with OB10 in 2013 to create
the world's largest electronic trading network.
Enquiries:
Tungsten Corporation plc
Edmund Truell, Chief Executive Officer +44 20 3435 5680
Sandra Higgison, Head of Global Communications +44 20 7280
7973
Charles Stanley Securities
(Nominated Adviser and Joint Broker)
Marc Milmo/Dugald Carlean +44 20 7149 6000
Canaccord Genuity Limited
(Joint Broker)
Simon Bridges/Peter Stewart/Cameron Duncan +44 20 7523 8000
Equus Group (Communications)
Piers Hooper / Sam Barton +44 20 7223 1100
This information is provided by RNS
The company news service from the London Stock Exchange
END
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